Drop shipment or drop shipping is a type of retailing where the retailer does not keep goods in stock, but instead passes the customer's order and shipment details to the wholesaler, who then dispatches the goods to the customer directly. The retailer makes their profit on the difference between the wholesale and retail price.
CLV=Customer Lifetime Value: the profit get from each customer.
AC or CoA=Acquisition Cost: the cost of getting someone to make a purchase.
Increasing CLV and lowering CoA are two fundamentals of ecommerce.
Upselling: encouraging someone to buy a more expensive version of the same product.
Cross-Selling: encouraging someone to buy a related product.
Tradegecko.com inventory management software
Shipstation: shipping service provider.
easydigitaldownloads.com: sell digital products with WordPress
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